ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

ikirk · 14 July 2016, 08:38 AM

Hello all - I have long since been a lurker as my passion and interest in Rolex has grown. Have owned various Swiss watches for the last 5 years since really getting into watches and to put it simply - I have an almost unhealthy obsession with the SubC ND LV.

Now my local AD - Goldsmiths - has called me this week advising they have one coming in. I was planning on buying in October to tie in with a special date of significance.

Now the AD has mentioned that a price rise is expected (c5%) and that there hasn't been one in 4 years.

Part of me imagines this is Sara otter to put some onus on snapping this up now - but they AD does seem decent and the reason I am concerned for a price rise is die to the GBP collapse at present meaning that Rolex profits from each unit sold in the UK is suddenly worth comparatively less to them. So if they intend on keeping a static return / margin - then it would logically follow that the UK price would have to rise.

Equally because if it doesn't, there would be an increasing arbitrage opportunity for EU and others to visit UK with a favourable exchange rate and but Rolex at a competitive discount.

I know the price rise isn't killer - but equally October isn't far away anyway. So what are people's thoughts?

Also....
I have come to the understanding that SS sport models basically are impossible to get a discount on in UK. Bit would it be worth trying to angle for other freebies.. Watch wonder, travel case, etc. And if so what have other people had success with.

Thanks SO much in advance for any suggestions and help. And apologies it has taken me so long to say hello.

Ian.

Speed · 14 July 2016, 10:57 AM

Have you been lurking long? If so you may have seen the weekly or more frequently occurring "price increase" threads.

They usually get quite silly as everyone chimes in about ADs not knowing when prices increase and how typical a sales tactic it is.

ikirk · 14 July 2016, 03:48 PM

I have seen the threads pointing towards it being a sales tactic but didn't know what other people's thoughts were on the economic pressure to increase prices due to the political fallout the uk is currently going through and the major weakening of our currency against practically any other currency pairing in the world. Sales tactics aside it would make logical sense for their to be a price rise in the uk soon. Didn't know what others thoughts were.

Plus v interested to hear on the other questions too...

Mr. K · 14 July 2016, 04:41 PM

There will be a price increase, just nobody but Rolex will know when. If you like it buy it. If the price increase happens sooner rather than later. Or later rather than sooner, it does not make a difference it will still happen. As long as you buy it before it does that's all that really matters.

scubadiver1 · 14 July 2016, 04:44 PM

I tried like hell to get a discount on my subc date from AD ( watches of switzerland) but to no avail, after a call to enquire availability they got one a few weeks later and was basically a take it or leave it, I wanted the watch so bit the bullet, £5700 that was in January this year, to be fair though service was second to none and a fantastic dealer experience and although I never got a discount I got the watch I had wanted since my younger days so all in very happy

Chalet · 14 July 2016, 04:51 PM

I guess the answer to your question depends on why you are waiting until October?

You will do well to get a discount on SS sports models from feedback on here.

Vivalas · 14 July 2016, 04:56 PM

There's always talk of prices rises and always will be - eventfully someone has to get it right if they predict one every month :-)

However the UK is now as cheap a place as anywhere and Brexit has made a rise inevitable. The £ has dropped so much that's it's almost inevitable. Only you can decide though if the times right for you to buy now. Good luck.

ikirk · 14 July 2016, 05:18 PM

Thanks everyone - all great points.

October was the intended date as it is a 'significant' birthday and also ties in with the anniversary of my job so had lined up a treat to myself to commemorate it.

As you all say though - it will be going up so as long as I get it before it isn't really an issue. And I know myself I would kick myself something rotten if I didn't get it now and it went up in say September.

My AD offers 0% credit on new pieces - so despite having allocated cash to purchase it already I think I will just take that offer up as I might as well still earn 3% on the £5k for the term of the credit! It's not amazing interest but 5k on 3yrs would yield credit interest of £750 which represents a 15% discount so would seem worthwhile especially as point of sale discounts look extremely unlikely.

Can I just ask - what luck has anyone had with ADs sweetening the deal with peripherals - Ie little Rolex giveaways etc?

GolfPunk · 14 July 2016, 07:15 PM

Hi

I live in Stockton and deal with Goldsmiths middlesbrough...Do you deal with Brian the manager?

You wont get any discount and to be honest, if you come away with a few magazines id be happy.

Quote:

Originally Posted by ikirk

Thanks everyone - all great points.

October was the intended date as it is a 'significant' birthday and also ties in with the anniversary of my job so had lined up a treat to myself to commemorate it.

As you all say though - it will be going up so as long as I get it before it isn't really an issue. And I know myself I would kick myself something rotten if I didn't get it now and it went up in say September.

My AD offers 0% credit on new pieces - so despite having allocated cash to purchase it already I think I will just take that offer up as I might as well still earn 3% on the £5k for the term of the credit! It's not amazing interest but 5k on 3yrs would yield credit interest of £750 which represents a 15% discount so would seem worthwhile especially as point of sale discounts look extremely unlikely.

Can I just ask - what luck has anyone had with ADs sweetening the deal with peripherals - Ie little Rolex giveaways etc?

Ruud Van Driver · 14 July 2016, 07:39 PM

What's a SubC ND LV?

leightaylor28 · 16 July 2016, 04:50 AM

Quote:

Originally Posted by GolfPunk

Hi

I live in Stockton and deal with Goldsmiths middlesbrough...Do you deal with Brian the manager?

You wont get any discount and to be honest, if you come away with a few magazines id be happy.

I live in redcar and have bought my first recently from Fraser heart in York recommended by a friend who's bought a few from there very good service, like wise no discount but they were happy to order another in as I didn't want one from the window

Sent from my iPhone using Tapatalk

ikirk · 14 July 2016, 07:43 PM

Whoops. LN. No date. Black. Thanks for pointing out.

scubadiver1 · 14 July 2016, 07:48 PM

I did ask for some sweetners ie polishing cloths or any rolex trinkets, I tried to blag a small pin badge that all the staff had on their jackets but no, I ended up with some lovely swiss chocolate a few cups of coffee( I was driving) and my wife had some lovely champagne, but at the end of the day I was happy to be walking out with what was my dream watch since first seeing one many years ago. Trinkets are nice but the watch on your wrist will soon have you forgeting about any bargains or freebies trust me on this

rick101 · 14 July 2016, 09:44 PM

Quote:

Originally Posted by scubadiver1

I did ask for some sweetners ie polishing cloths or any rolex trinkets, I tried to blag a small pin badge that all the staff had on their jackets but no, I ended up with some lovely swiss chocolate a few cups of coffee( I was driving) and my wife had some lovely champagne, but at the end of the day I was happy to be walking out with what was my dream watch since first seeing one many years ago. Trinkets are nice but the watch on your wrist will soon have you forgeting about any bargains or freebies trust me on this

haha dude you tried to blag a discount from Rolex's flagship boutique in the UK on a SS sport model..good on you for trying but about as likely as winning the lottery. The 'take it or leave it' believe me..if you left it and called them the next evening..that sub would have been GONE I 100% guarantee you. They have hundreds of people in there every day.

AK797 · 14 July 2016, 09:30 PM

If you are in the UK buy now, Brexit means a currency adjustment is coming, pound is still moving downwards. If you want it for a BD in Oct you have time to save up the 5-10% extra as well.

rick101 · 14 July 2016, 09:38 PM

Quote:

Originally Posted by ikirk

Hello all - I have long since been a lurker as my passion and interest in Rolex has grown. Have owned various Swiss watches for the last 5 years since really getting into watches and to put it simply - I have an almost unhealthy obsession with the SubC ND LV.

Now my local AD - Goldsmiths - has called me this week advising they have one coming in. I was planning on buying in October to tie in with a special date of significance.

Now the AD has mentioned that a price rise is expected (c5%) and that there hasn't been one in 4 years.

Part of me imagines this is Sara otter to put some onus on snapping this up now - but they AD does seem decent and the reason I am concerned for a price rise is die to the GBP collapse at present meaning that Rolex profits from each unit sold in the UK is suddenly worth comparatively less to them. So if they intend on keeping a static return / margin - then it would logically follow that the UK price would have to rise.

Equally because if it doesn't, there would be an increasing arbitrage opportunity for EU and others to visit UK with a favourable exchange rate and but Rolex at a competitive discount.

I know the price rise isn't killer - but equally October isn't far away anyway. So what are people's thoughts?

Also....
I have come to the understanding that SS sport models basically are impossible to get a discount on in UK. Bit would it be worth trying to angle for other freebies.. Watch wonder, travel case, etc. And if so what have other people had success with.

Thanks SO much in advance for any suggestions and help. And apologies it has taken me so long to say hello.

Ian.

I concur. I got my d-blue two weeks ago and asked the manager who I know well her response

"The rise is DEFINTELY coming..Cartier have already gone up"

So it's not if..it's when.

beshannon · 14 July 2016, 09:39 PM

I believe that the salespersons that predict price increases are out of work weather "forecasters"

rsnissan · 14 July 2016, 10:38 PM

I could only manage 6% off of an sd4000 from Fraser hart in January, and that was with a friend buying a BNLR at the same time. WoS wouldn't budge on price!

Sent from my iPhone using Tapatalk

Sal_UKSheffield · 14 July 2016, 11:00 PM

If a price rise was coming to stabilise margins due to the drop in the £ then you can expect more than a 5% increase - last time i heard the £ had dropped 10%

rick101 · 14 July 2016, 11:29 PM

Quote:

Originally Posted by Sal_UKSheffield

If a price rise was coming to stabilise margins due to the drop in the £ then you can expect more than a 5% increase - last time i heard the £ had dropped 10%

Yea it will be 10-12% I was told.

peterskinner · 14 July 2016, 11:49 PM

Buy now, and stop being so depressingly penny-pinching. Pay the price, enjoy the lovely watch. Use it to remind yourself that there is more to life than scoring trival 'freebies.
If saving money matter so much, buy a cheaper watch. £250 will get you a perfectly good Seiko, which will do an excellent job and save you more than £5000.
In truth, it's not money itself that is the problem, it's the obsession with it, the endless, 'I want a deal' that causes problems.

ikirk · 14 July 2016, 11:59 PM

Peter. Think that's a little harsh tbh. I have no issues with spending £5,000 on the watch. But having bought the vast majority of my collection from pre owned dealers. And to that end I have always been aware that the advertised price simply is not a realistic end sale price.

To simply ask people with first had experience what to expect this weekend I would say is actually me being polite and respectful to the AD. After all. I now know there is nothing likely to gain from asking so will not do so and just enjoy the experience instead. If I had done that when I bought my Franck Muller I would have spent nearly £1800 too much.

If these forums are not a suitable place to pose such questions and seek such advice then where is?

Quite surprised how that amounts to penny pinching in your opinion. But appreciate you are entitled to view it as you wish.

I do appreciate everyone's input on the thread. It is helpful.

Johny · 16 July 2016, 12:26 AM

hi op. is it possible to buy now and have them hold the watch until October and then have them date it when you go in to collect it?

rick101 · 16 July 2016, 12:29 AM

Quote:

Originally Posted by Johny

hi op. is it possible to buy now and have them hold the watch until October and then have them date it when you go in to collect it?

Nope..any AD has to go by the price 'at the time' when you actually purchase it.

brettpaul · 16 July 2016, 01:02 AM

Welcome Ian - I would get the watch before the price increase which is sadly on its way in the UK....maybe you can put a deposit on the watch to lock in the price and pick it up in Oct?

joli160 · 16 July 2016, 01:58 AM

Only Rolex knows when an increase will happen. We all do know that a decrease will not happen.
Buy it now and store it till october

Verdi · 16 July 2016, 02:00 AM

Typical of them to say the rise is coming.
It's b...ll...ks.

Yes, it might be one, however they are always saying this to make you buy now.

ikirk · 16 July 2016, 02:53 AM

Thanks for the advice once again. Well it didn't take me long to overcome any hesitation. Just starting my weekend with my lovely new SubC ND ;)

The Libertine · 16 July 2016, 05:57 AM

Buy when you are ready to, and not when the AD wants you to.

ikirk · 16 July 2016, 08:55 AM

Only a photo on my iPhone as I was walking out the AD. But if you don't show the pic it didn't happen right?! Name: image.jpeg
Views: 159
Size: 205.8 KB

14 July 2016, 08:38 AM	#1
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	SubC ND / Advised UK Price Increase Hello all - I have long since been a lurker as my passion and interest in Rolex has grown. Have owned various Swiss watches for the last 5 years since really getting into watches and to put it simply - I have an almost unhealthy obsession with the SubC ND LV. Now my local AD - Goldsmiths - has called me this week advising they have one coming in. I was planning on buying in October to tie in with a special date of significance. Now the AD has mentioned that a price rise is expected (c5%) and that there hasn't been one in 4 years. Part of me imagines this is Sara otter to put some onus on snapping this up now - but they AD does seem decent and the reason I am concerned for a price rise is die to the GBP collapse at present meaning that Rolex profits from each unit sold in the UK is suddenly worth comparatively less to them. So if they intend on keeping a static return / margin - then it would logically follow that the UK price would have to rise. Equally because if it doesn't, there would be an increasing arbitrage opportunity for EU and others to visit UK with a favourable exchange rate and but Rolex at a competitive discount. I know the price rise isn't killer - but equally October isn't far away anyway. So what are people's thoughts? Also.... I have come to the understanding that SS sport models basically are impossible to get a discount on in UK. Bit would it be worth trying to angle for other freebies.. Watch wonder, travel case, etc. And if so what have other people had success with. Thanks SO much in advance for any suggestions and help. And apologies it has taken me so long to say hello. Ian.

14 July 2016, 07:39 PM	#10
Ruud Van Driver "TRF" Member Join Date: Oct 2014 Real Name: Chopped Liver Location: S. Wales Valleys Watch: Mickey Mouse Posts: 9,926	What's a SubC ND LV? __________________ 116520 Black, 116610 LVc, 116660 D-Blue, 116610 LNc, 116622 Blue, PAM359, PAM689, PAM737 *"Why should you allow an AD to shake you down, just so you can buy a watch" - Grady Philpott* Card carrying member of TRF's Global Association of Retro-Grouch-Curmudgeons

14 July 2016, 09:39 PM	#17
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	I believe that the salespersons that predict price increases are out of work weather "forecasters" __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

16 July 2016, 12:26 AM	#23
Johny "TRF" Member Join Date: Mar 2010 Real Name: john Location: Scotland Watch: sub 16610Lv Posts: 13,523	hi op. is it possible to buy now and have them hold the watch until October and then have them date it when you go in to collect it? __________________ "AFTER DARK" BAR AND NIGHT CLUB GM.

16 July 2016, 01:02 AM	#25
brettpaul "TRF" Member Join Date: Sep 2008 Real Name: Brett Location: Bahrain, Dubai Watch: Rolex and AP Posts: 5,538	Welcome Ian - I would get the watch before the price increase which is sadly on its way in the UK....maybe you can put a deposit on the watch to lock in the price and pick it up in Oct? __________________ Photostream on Instagram brett_in_bahrain

14 July 2016, 10:57 AM	#2
Speed "TRF" Member Join Date: Aug 2009 Location: USA Posts: 19,706	Have you been lurking long? If so you may have seen the weekly or more frequently occurring "price increase" threads. They usually get quite silly as everyone chimes in about ADs not knowing when prices increase and how typical a sales tactic it is.

14 July 2016, 03:48 PM	#3
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	I have seen the threads pointing towards it being a sales tactic but didn't know what other people's thoughts were on the economic pressure to increase prices due to the political fallout the uk is currently going through and the major weakening of our currency against practically any other currency pairing in the world. Sales tactics aside it would make logical sense for their to be a price rise in the uk soon. Didn't know what others thoughts were. Plus v interested to hear on the other questions too...

14 July 2016, 04:41 PM	#4
Mr. K "TRF" Member Join Date: May 2005 Real Name: Mark Location: Seattle-ish Posts: 6,078	There will be a price increase, just nobody but Rolex will know when. If you like it buy it. If the price increase happens sooner rather than later. Or later rather than sooner, it does not make a difference it will still happen. As long as you buy it before it does that's all that really matters.

14 July 2016, 04:44 PM	#5
scubadiver1 "TRF" Member Join Date: Feb 2016 Location: Scotland Watch: 116610LN,Omega SMP Posts: 95	I tried like hell to get a discount on my subc date from AD ( watches of switzerland) but to no avail, after a call to enquire availability they got one a few weeks later and was basically a take it or leave it, I wanted the watch so bit the bullet, £5700 that was in January this year, to be fair though service was second to none and a fantastic dealer experience and although I never got a discount I got the watch I had wanted since my younger days so all in very happy

14 July 2016, 04:51 PM	#6
Chalet "TRF" Member Join Date: Apr 2015 Location: Uk Watch: 13x Rolex Addict Posts: 325	I guess the answer to your question depends on why you are waiting until October? You will do well to get a discount on SS sports models from feedback on here.

14 July 2016, 04:56 PM	#7
Vivalas "TRF" Member Join Date: Jun 2013 Real Name: Stephen Location: UK Watch: AP Posts: 2,646	There's always talk of prices rises and always will be - eventfully someone has to get it right if they predict one every month :-) However the UK is now as cheap a place as anywhere and Brexit has made a rise inevitable. The £ has dropped so much that's it's almost inevitable. Only you can decide though if the times right for you to buy now. Good luck.

14 July 2016, 05:18 PM	#8
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	Thanks everyone - all great points. October was the intended date as it is a 'significant' birthday and also ties in with the anniversary of my job so had lined up a treat to myself to commemorate it. As you all say though - it will be going up so as long as I get it before it isn't really an issue. And I know myself I would kick myself something rotten if I didn't get it now and it went up in say September. My AD offers 0% credit on new pieces - so despite having allocated cash to purchase it already I think I will just take that offer up as I might as well still earn 3% on the £5k for the term of the credit! It's not amazing interest but 5k on 3yrs would yield credit interest of £750 which represents a 15% discount so would seem worthwhile especially as point of sale discounts look extremely unlikely. Can I just ask - what luck has anyone had with ADs sweetening the deal with peripherals - Ie little Rolex giveaways etc?

14 July 2016, 07:43 PM	#12
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	Whoops. LN. No date. Black. Thanks for pointing out.

14 July 2016, 07:48 PM	#13
scubadiver1 "TRF" Member Join Date: Feb 2016 Location: Scotland Watch: 116610LN,Omega SMP Posts: 95	I did ask for some sweetners ie polishing cloths or any rolex trinkets, I tried to blag a small pin badge that all the staff had on their jackets but no, I ended up with some lovely swiss chocolate a few cups of coffee( I was driving) and my wife had some lovely champagne, but at the end of the day I was happy to be walking out with what was my dream watch since first seeing one many years ago. Trinkets are nice but the watch on your wrist will soon have you forgeting about any bargains or freebies trust me on this

14 July 2016, 09:30 PM	#15
AK797 2024 Pledge Member Join Date: Feb 2010 Real Name: Neil Location: UK Watch: ing ships roll in Posts: 59,369	If you are in the UK buy now, Brexit means a currency adjustment is coming, pound is still moving downwards. If you want it for a BD in Oct you have time to save up the 5-10% extra as well.

14 July 2016, 10:38 PM	#18
rsnissan "TRF" Member Join Date: Jan 2016 Real Name: Andrew Location: London Watch: 116610LV & Ω Posts: 42	I could only manage 6% off of an sd4000 from Fraser hart in January, and that was with a friend buying a BNLR at the same time. WoS wouldn't budge on price! Sent from my iPhone using Tapatalk

14 July 2016, 11:00 PM	#19
Sal_UKSheffield "TRF" Member Join Date: Dec 2014 Location: UK Posts: 1,284	If a price rise was coming to stabilise margins due to the drop in the £ then you can expect more than a 5% increase - last time i heard the £ had dropped 10%

14 July 2016, 11:49 PM	#21
peterskinner "TRF" Member Join Date: Mar 2016 Location: East Sussex U Posts: 1,351	Buy now, and stop being so depressingly penny-pinching. Pay the price, enjoy the lovely watch. Use it to remind yourself that there is more to life than scoring trival 'freebies. If saving money matter so much, buy a cheaper watch. £250 will get you a perfectly good Seiko, which will do an excellent job and save you more than £5000. In truth, it's not money itself that is the problem, it's the obsession with it, the endless, 'I want a deal' that causes problems.

14 July 2016, 11:59 PM	#22
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	Peter. Think that's a little harsh tbh. I have no issues with spending £5,000 on the watch. But having bought the vast majority of my collection from pre owned dealers. And to that end I have always been aware that the advertised price simply is not a realistic end sale price. To simply ask people with first had experience what to expect this weekend I would say is actually me being polite and respectful to the AD. After all. I now know there is nothing likely to gain from asking so will not do so and just enjoy the experience instead. If I had done that when I bought my Franck Muller I would have spent nearly £1800 too much. If these forums are not a suitable place to pose such questions and seek such advice then where is? Quite surprised how that amounts to penny pinching in your opinion. But appreciate you are entitled to view it as you wish. I do appreciate everyone's input on the thread. It is helpful.

16 July 2016, 01:58 AM	#26
joli160 2024 SubLV41 Pledge Member Join Date: Apr 2013 Location: NL Watch: Yachtmaster Posts: 14,759	Only Rolex knows when an increase will happen. We all do know that a decrease will not happen. Buy it now and store it till october __________________ Day Date 18238, Yachtmaster 16622, Deepsea 116660, Submariner 116619, SkyD 326935, DJ 178271, DJ 69158, Yachtmaster 169622, GMT 116713LN, GMT 126711.

16 July 2016, 02:00 AM	#27
Verdi "TRF" Member Join Date: May 2015 Real Name: Mitch Location: UAE Watch: Big Ben Posts: 2,451	Typical of them to say the rise is coming. It's b...ll...ks. Yes, it might be one, however they are always saying this to make you buy now. __________________ IG: @watch_idiot_savant

16 July 2016, 02:53 AM	#28
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	Thanks for the advice once again. Well it didn't take me long to overcome any hesitation. Just starting my weekend with my lovely new SubC ND ;)

16 July 2016, 05:57 AM	#29
The Libertine Banned Join Date: May 2014 Real Name: Mike Location: BOS Watch: 16710;14060;214270 Posts: 6,375	Buy when you are ready to, and not when the AD wants you to.

16 July 2016, 08:55 AM	#30
ikirk "TRF" Member Join Date: May 2016 Location: Eaglescliffe, UK Watch: SubC 114060 Posts: 11	Only a photo on my iPhone as I was walking out the AD. But if you don't show the pic it didn't happen right?!

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)